Indian stock indices closed broadly lower on Thursday, August 10 after a policy meeting of the country’s central bank. By the close, the Nifty 50 receded 0.89% to 9,820.25, and the BSE Sensex 30 was 0.84% lower at 31,531.33. On the Nifty 50, Tech Mahindra and Infosys outperformed the broader market, surging 2.58% and 1.23%, respectively. Dr. Reddy’s Laboratories and Tata Motors were out of luck, sliding 5.07% and 8.62%. Among the BSE Sensex 30 gainers, ITC and SBI stood out, advancing 1.35% and 0.44%, while the same Dr. Reddy’s Laboratories and Tata Motors were the worst performers, plummeting 4.77% and 8.60%. On the currency market, the USD/INR pair firmed 0.2% to 64.026, and EUR/INR dipped 0.14% to 74.98. The 10-year Indian government bond yield reached 6.472%. Tata Motors tanked 8.62% as fiscal 2Q earnings fell short of expectations, with net income up 42% due to one-off revenue stemming from changes in the corporate pension program. Banking names came under pressure, with SBI and Yes Bank shedding 1.85% and 0.64%. Aurobindo Pharma added 0.24% on the back of 1Q earnings and upbeat management comments. From a technical standpoint, the daily chart shows that the BSE Sensex has broken out of a rising wedge on the downside, with the closest resistance level now at 30,675. Stochastic lines are sell-friendly, but have reached oversold territory, so downside potential is limited at this point. $SENSEX, S&P BSE SENSEX INDEX / D